Let It Rip: Detroit eligible for Chapter 9 bankruptcy - New York News

Let It Rip: Detroit eligible for Chapter 9 bankruptcy

Posted: Updated:
(WJBK) -

A judge ruled Tuesday Detroit is eligible to fix its finances in bankruptcy court, making it the largest municipal in the U.S. to enter into Chapter 9 bankruptcy. This is just the beginning of what will be a long process to fix the city's financial issues.

What happens to the role of emergency manager Kevyn Orr now that the bankruptcy court will make most of the decisions for the city? What will we see in the coming months as the bankruptcy plays out?

On the panel:


John Pattow, Bankruptcy expert and professor
Tim Wittebort, Bankruptcy attorney
Charlie Langton, Fox 2 Legal Analyst

  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • Man arrested for road rage shooting

    Man arrested for road rage shooting

    Friday, August 1 2014 9:15 AM EDT2014-08-01 13:15:13 GMT
    An upstate man is under arrest after police say he opened fire on another driver on I-84.The New York State Police say that Masey Moshref, 26, of Wappinger Falls faces a slew of felony charges after the Wednesday evening incident.At approximately 6:28 p.m., police received a 911 call from a driver who said a man driving a green Honda Accord bearing California license plates pulled alongside of his vehicle and displayed a black handgun.The victim says the man fired one shot at his vehicle, str...
    An upstate man is under arrest after police say he opened fire on another driver on I-84.The New York State Police say that Masey Moshref, 26, of Wappinger Falls faces a slew of felony charges after the Wednesday evening incident.At approximately 6:28 p.m., police received a 911 call from a driver who said a man driving a green Honda Accord bearing California license plates pulled alongside of his vehicle and displayed a black handgun.The victim says the man fired one shot at his vehicle, str...
  • Massive emergency drill in New York City

    Massive emergency drill in New York City

    Friday, August 1 2014 8:53 AM EDT2014-08-01 12:53:38 GMT
    The New York City Department of Health will be conducting a massive emergency preparedness drill at 30 facilities across the city on Friday.  They are testing the delivery of emergency medications in the event of a biological attack, such as anthrax, on the city.
    The New York City Department of Health will be conducting a massive emergency preparedness drill at 30 facilities across the city on Friday.  They are testing the delivery of emergency medications in the event of a biological attack, such as anthrax, on the city.
  • Shooting at NJ Transit station

    Shooting at NJ Transit station

    Friday, August 1 2014 8:53 AM EDT2014-08-01 12:53:14 GMT
    Police were investigating a shooting at the NJ Transit train station in Elizabeth, N.J. on Friday morning.  It apparently happened around 4:30 a.m. The victim was shot in the leg in an apparent robbery.
    Police were investigating a shooting at the NJ Transit train station in Elizabeth, N.J. on Friday morning.  It apparently happened around 4:30 a.m. The victim was shot in the leg in an apparent robbery.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices